Item 1. Legal Proceedings
Item 1. Legal Proceedings.
The Company is not a party to any pending litigation that we consider material.
From ti m e to t i me, we a re i nvolv e d in v a rious legal proceedings that arise in t he nor m al course o f bus i ness . Whil e w e inten d t o d efen d a ny laws u i t v i g or ou s ly , w e pr ese n t l y b elie ve t h a t t he u lti m a t e ou tc o m e of a ny p en d in g le g a l p r o cee d i ng wil l not h a ve a ny m a teria l a dv e rs e effec t on o ur fi n a n c i a l pos itio n, cas h f l ows o r o p eratin g res u l t s . H o we v e r , liti g ati on i s s u b j ec t t o in h e r ent unc e r tai n tie s, and u nf a v o r a b l e r u lin gs c o u l d o cc u r. An u nfa v o r a b l e ru lin g c o u l d i nc l u d e m one ta ry d am a ges, w h ic h cou l d i m pact o u r b us i ness a nd o pera tin g r e su lt s f o r t he p e r io d i n w h ic h t he r u li ng oc c u r s or fu t ure per i od s .
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